China Huadian Engineering to involve in a 1 billion Euro investment in Romanian energy

By Jerom Bolt
The representatives of the Ministry of Energy and the Energy Complex Oltenia (CEO) resumed talks with China Huadian Engineering for a public-private partnership to build a new 600 MW power plant in Rovinari, announced on Monday Andrei Secretary of State Maioreanu.
According to the cited source, the realization of this investment is included in the Romanian Energy Strategy 2019-2030, together with the completion of the Group 3 and 4 from Cernavoda NPP, the realization of the Tarniţa-Lăpuşteşti Pump Storage Accumulator, the realization of the Turnu – Magurele – Nicopole Hydropower Complex .
“The achievement of the 600 MW energy group, an investment of almost one billion euros, will allow access to modern technologies, given that, for 25 years, no such investments have been made in the Romanian thermal energy sector, it will allow access to a modern and sustainable management of the environment, as well as the consolidation of the national energy market and the diversified energy mix by capitalizing on the primary energy resources, and will help to stimulate domestic investments by providing Romanian parts of equipment and materials and will create about 4,000 jobs during the implementation period, “explained Andrei Maioreanu.
He added that negotiations with representatives of China Huadian Engineering were resumed between December 17-18, 2018, and discussions were held at the end of January at the Ministry of Energy that covered the shareholders’ agreement between the Chinese side and the Romanian party.
“Starting today (Monday – No), the negotiations between the two parties will continue for the completion of Superfuel and Coal Supply contracts, as it is about a CEO’s commitment to deliver about 5 million tons of lignite” said Andrei Maioreanu.
In this context, CEO Chief Executive Sorin Boza said that the new MW 600 will be the 12th, with the company currently having 11 groups with a total power of 3,240 MW.
China Huadian Engineering, part of China Huadian Group-CHD, is one of the five energy companies in the country, with a total installed capacity of 150,000 MW.